
DBAG invests in Inexio
Deutsche Beteiligungs AG (DBAG) has invested €10.6m of growth capital in German broadband connections provider Inexio Informationstechnologie und Telekommunikation KGaA.
DBAG provided €4.4m and its fund DBAG Expansion Capital provided the rest, for a total stake in the business of 10%. Most of the remaining shares continue to be held by the company's founders, who also serve as members of Inexio's management board. DBAG's investment includes profit participation capital.
The company's equity ratio was elevated to more than 30% post-investment, which will facilitate the business's expansion. Inexio plans to roll out broadband connections in rural southern Germany over the coming years.
The deal was initiated by the company, which was looking for growth capital. A shareholder in DBAG introduced the company to the GP.
Company
Inexio is a provider of fast broadband connections. The business was founded in Saarlouis in 2007. Its turnover in 2011/2012 was €20m and is expected to rise to €30m in the current financial year, the GP said in a statement, with further growth forecasted in the coming years. Profits stand at around 10%.
Inexio aims to distinguish itself from its current competition by using a fibre-optic network instead of the more traditional copper cable. The business currently serves around 1,800 business clients and approximately 20,000 private customers, primarily in the German states of Rhineland-Palatinate and Saarland. It employs 92 people.
People
Torsten Grede is spokesman of DBAG's board of management.
Advisers
Equity – Schalast & Partner (Legal); Ebner Stolz (Financial due diligence); Homburg & Partner (Commercial due diligence).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds